10 April 2013

CVD Equipment completes sale of former corporate HQ

CVD Equipment Corp of Central Islip, NY, USA (a designer and maker of equipment for developing and manufacturing electronic components, materials and coatings) says that on 5 April it completed the sale of its 50,000 square foot facility at 1860 Smithtown Avenue, Ronkonkoma, NY, where its former corporate headquarters had been located. The sale price was $3,875,000, representing an estimated profit of about $900,000.

“The sale closes a chapter of our company’s history and highlights a new chapter as our attention and efforts are focused towards increased sales and operations in our new 130,000 square foot facility where we will be expanding our (i) equipment manufacturing and Nano material manufacturing capabilities, (ii) pilot-production process development and demonstration for the transformation of nano-materials to macro-sized materials, and (iii) joint business/technology developments for products enabled by nano-materials to be marketed through our wholly owned subsidiary CVD Materials Corp,” says president & CEO Leonard Rosenbaum.

See related items:

CVD completes building purchase for two-fold expansion

CVD Equipment completes building sale prior to expansion

CVD Equipment forms CVD Materials subsidiary

Tags: CVD Equipment

Visit: www.cvdequipment.com